Questions on lease expiring in a few months
We’re located in Sec. 12 T11N R12W Desoto Parish. Our 3-year lease is expiring in September with the 2-year option. The company that we are leased with has not drilled, but another company had a hearing for a permit in March 2010, and they haven't drilled either . Encana is drilling a well in the lower southwest corner, but bores into section 13, and we were told they will receive the royalties. Does this mean that we are force pooled or unitized? What affect will this have on the lease renewal? Also, this section falls in the lignite mine area. Could this be the reason no one has drilled yet? If the company renews our lease for another 2 years, will it be at the same amount of money that was paid for the 3-year lease? Can this company allow the lease to expire after 3 years and come back later and lease again for a different amount?
Views: 130
Replies to This Discussion
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Permalink Reply by Two Dogs, Pirate on -
Have you received unit orders on section 12? Whoever the company that has the lease rights will probably drill a horizontal into section 12 from the same pad they drilled into section 13 before the renewal date so as to not have to pay for the option to extend. You are not forced pooled unless the unit order says that you are forced pooled. They have to notify you of any forced pooling of your property.
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Permalink Reply by Nancy Taylor Ds2 on
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We didn't receive anything on section 12. Just ran across in on sonris. Swepi is drilling. Last well information reported 3/11/11 WAITING ON ANOTHER RIG TO DRILL HORIZONTAL.
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Permalink Reply by FormerCompanyMan on
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I tried to look up your well this morning but Sonris was acting up. When it decides to cooperate, look at the data files and try to pull up the daily files. If any type of operations have begun on the tract - and Ches. can show that these operations continued without any significant interruption then your lease will likely be held by production - assuming they drill and complete a viable well.
If all that doesn't happen during the primary term of the lease, then it sounds like you sit in a nice position. Read the terms of the option - if it states something like - lessee herein is granted the option to extend the primary term of this lease for an additional two year period upon the same terms as found in the original lease - then the lessee will likely have to pay you a bonus equal to the original price per acreage for the original lease. However, more likely, they will approach you with a much lower proposal since the lease boom is over.
Hope that helps - happy to answer any other questions but I think all of yours have been addressed.
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Permalink Reply by Nancy Taylor Ds2 on
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Thanks, I don't see it on Sonris yet. Where do I go to look at the data files and daily files?
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Permalink Reply by Nancy Taylor Ds2 on
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Henry, I found the following information:
Chesapeake Operating Inc, ha ra su53; Nabors 12-11-12h, 001, Sec. 12, T11N, R12W, Red River Bull Bayou, 17500' MD 12500' TVD, Haynesville RA
Can anyone explain this to me?
Thanks
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Permalink Reply by Henry on
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Nancy,
I'll try. This says that Chesapeake will be drilling the well for this section. Chesapeake always puts the name of the section that is being drained in the name of the well. It is called "Nabors 12-11-12h, 001" because the actual surface location will be on the Nabors' family property -- there is a small tract belonging to them on the southern edge of the section. It will drain 12-11-12, and the 001h means it is the first horizontal well in the Haynesville formation. The field you are in is called "Red River Bull Bayou." This is a very large field, and has been a very good one for the Haynesville Shale.
Your section was originally unitized by Petrohawk. I have no idea why CHK is drilling. But these things happen. The permit is probably good for one year. But I would expect drilling to begin much sooner - probably before your lease expires.
You are in a good area -- CHK and SWEPI have produced several wells with Initial Production Rates over 15 mmcf/day within 5 miles of you. Good luck.
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Permalink Reply by buckmaster on
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Nancy there was a rig moving over that way yesterday .I think it was the Trinidad Rig that was down here by Chemard Lake
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Permalink Reply by Nancy Taylor Ds2 on
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There's a rig already in sec. 12, but they're drilling into sec. 13. The last scout report stated they were waiting for the horizontal rig. Could that have been a horizontal rig?
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Permalink Reply by Nancy Taylor Ds2 on
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Talked to someone with Chesapeake today. Drilling is scheduled for May 19th.
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Permalink Reply by astrofan on
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Top of the morning to all Does anyone know what kind of production they have been getting from the North Grand Cane field?
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Permalink Reply by Skip Peel - Mineral Consultant on
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Your question is far too broad as there is a good bit of variance in all fields. A comparison by section-township-range is more likely to give you a number with some value however there aren't that many completed wells in the field so use the S/N at the beginning of each well listing and look up the completion data on SONRIS Lite.
Well Ser
Well Name
Well Num
Status
Class
Class Type
API Number
Org ID
Permit Date
Sect
Tshp
Rng
Parish
Mer
HA RA SUB;DESOTO OIL&GAS TR 17
001
17031243800000
05/09/2008
017
12N
14W
W
Well Ser
Well Name
Well Num
Status
Class
Class Type
API Number
Org ID
Permit Date
Sect
Tshp
Rng
Parish
Mer
HA RA SUC;BILLY JOE ANDREWS 33
001
17031243880000
05/15/2008
033
13N
14W
W
Well Ser
Well Name
Well Num
Status
Class
Class Type
API Number
Org ID
Permit Date
Sect
Tshp
Rng
Parish
Mer
HA RA SUB;DESOTO OIL&GAS TR 17
002-ALT
17031245630000
10/06/2008
017
12N
14W
W
Well Ser
Well Name
Well Num
Status
Class
Class Type
API Number
Org ID
Permit Date
Sect
Tshp
Rng
Parish
Mer
HA RA SUD;RICHARDSON ETUX 27
001
17031243900000
12/02/2008
027
13N
14W
W
HA RA SUF;GIBBS 3-12-14 H
001
17031246590000
02/02/2009
003
12N
14W
W
Well Ser
Well Name
Well Num
Status
Class
Class Type
API Number
Org ID
Permit Date
Sect
Tshp
Rng
Parish
Mer
HA RA SUG;GIBBS 2-12-14 H
001
17031246740000
02/11/2009
002
12N
14W
W
Well Ser
Well Name
Well Num
Status
Class
Class Type
API Number
Org ID
Permit Date
Sect
Tshp
Rng
Parish
Mer
HA RA SUT;FORD FMLY TR LLC 29H
001
17031247190000
03/23/2009
032
13N
14W
W
Well Ser
Well Name
Well Num
Status
Class
Class Type
API Number
Org ID
Permit Date
Sect
Tshp
Rng
Parish
Mer
HA RA SUH;CHAFFIN 34-13-14 H
001
17031247210000
03/24/2009
034
13N
14W
W
Well Ser
Well Name
Well Num
Status
Class
Class Type
API Number
Org ID
Permit Date
Sect
Tshp
Rng
Parish
Mer
HA RA SUI;COLE 9-12-14 H
001
17031247370000
04/06/2009
009
12N
14W
W
Well Ser
Well Name
Well Num
Status
Class
Class Type
API Number
Org ID
Permit Date
Sect
Tshp
Rng
Parish
Mer
HA RA SUO;DESOTO PJ 26 H
001
17031247490000
04/16/2009
035
13N
14W
W
Well Ser
Well Name
Well Num
Status
Class
Class Type
API Number
Org ID
Permit Date
Sect
Tshp
Rng
Parish
Mer
HA RA SUM;MEREDITH ETUX 36 H
001
17031247590000
04/22/2009
025
13N
14W
W
Well Ser
Well Name
Well Num
Status
Class
Class Type
API Number
Org ID
Permit Date
Sect
Tshp
Rng
Parish
Mer
HA RA SUL;DESOTO PLCE JRY 35 H
001
17031247600000
04/23/2009
026
13N
14W
W
Well Ser
Well Name
Well Num
Status
Class
Class Type
API Number
Org ID
Permit Date
Sect
Tshp
Rng
Parish
Mer
HA RA SUQ;CHK LA MIN 12-12-14H
001
17031247730000
05/05/2009
012
12N
14W
W
Well Ser
Well Name
Well Num
Status
Class
Class Type
API Number
Org ID
Permit Date
Sect
Tshp
Rng
Parish
Mer
HA RA SUK;HOLLOWELL 16-12-14 H
001
17031247940000
05/28/2009
016
12N
14W
W
Well Ser
Well Name
Well Num
Status
Class
Class Type
API Number
Org ID
Permit Date
Sect
Tshp
Rng
Parish
Mer
HA RA SUV;NABORS PROP 1-12-14H
001
17031248220000
06/25/2009
001
12N
14W
W
Well Ser
Well Name
Well Num
Status
Class
Class Type
API Number
Org ID
Permit Date
Sect
Tshp
Rng
Parish
Mer
HA RA SUP;EVA CULVER BURNLEY 4
001
17031248320000
07/10/2009
004
12N
14W
W
Well Ser
Well Name
Well Num
Status
Class
Class Type
API Number
Org ID
Permit Date
Sect
Tshp
Rng
Parish
Mer
HA RA SUJ;EL PASO MGMT INC 10H
001
17031248510000
07/29/2009
010
12N
14W
W
Well Ser
Well Name
Well Num
Status
Class
Class Type
API Number
Org ID
Permit Date
Sect
Tshp
Rng
Parish
Mer
HA RA SUE;EL PASO MGMT INC 15H
001
17031249940000
12/14/2009
015
12N
14W
W
Well Ser
Well Name
Well Num
Status
Class
Class Type
API Number
Org ID
Permit Date
Sect
Tshp
Rng
Parish
Mer
HA RA SUY;GILLIAM 23-13-14 H
001
17031251570000
04/15/2010
023
13N
14W
W
Well Ser
Well Name
Well Num
Status
Class
Class Type
API Number
Org ID
Permit Date
Sect
Tshp
Rng
Parish
Mer
HA RA SUZ;LACNY 24-13-14 H
001
17031252200000
05/20/2010
024
13N
14W
W
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